Corporate/Industrial News

June Jobs Data, FOMC Minutes, Levi’s Earnings, and More for Investors to Watch This Week

Text size Uncredited The stock market will be closed on Monday for Independence Day. It will be a light week on the earnings calendar once investors return, but with plenty of notable economic releases to process. The highlight will be the June jobs report from the Bureau of Labor Statistics on Friday. On average, economists …

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Oil Prices Steady as Concerns About Tight Supply and Weaking Demand Persist

Text size High oil prices are already causing demand destruction, said an executive at crude trader Vitol Group. Getty Images Crude prices held steady early Monday as traders weighted the prospect of recession in the second half against worries that supply will remain limited. Brent crude, the international standard, was little changed at $111.77 a …

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‘It could be the difference between an approval and denial’: Experian, Equifax and TransUnion remove fully-paid medical debt from credit reports. Will this help your credit score?

Paid medical debt is rolling off consumer credit reports in an overhaul that the credit bureaus say will improve people’s financial wellbeing. In a time of rising interest rates and increased costs with the pandemic’s scariest days hopefully done, for some it can’t come a moment too soon. Equifax, Experian and TransUnion are dropping the …

‘It could be the difference between an approval and denial’: Experian, Equifax and TransUnion remove fully-paid medical debt from credit reports. Will this help your credit score? Read More »

‘It could be the difference between an approval and denial’: Experian, Equifax and TransUnion remove fully-paid medical debt from credit reports. Will this help your credit score?

Paid medical debt is rolling off consumer credit reports in an overhaul that the credit bureaus say will improve people’s financial wellbeing. In a time of rising interest rates and increased costs with the pandemic’s scariest days hopefully done, for some it can’t come a moment too soon. Equifax, Experian and TransUnion are dropping the …

‘It could be the difference between an approval and denial’: Experian, Equifax and TransUnion remove fully-paid medical debt from credit reports. Will this help your credit score? Read More »

Mark Zuckerberg issues dire economic warning to Meta employees

Mark Zuckerberg has issued a chilling message to Meta Platforms Inc. Employees: The company faces one of the “worst downturns that we’ve seen in recent history” that will necessitate a scaling back in hires and resources. The dire economic warning was delivered during an internal videoconference meeting on Thursday for Meta’s META, -0.76% 77,800 workers, …

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Prices of Oil, Wheat, and Copper are Falling. What It Means.

Elias Stein Text size Interpreting commodity prices is a challenge. Prices of commodities like oil, wheat, and copper are sliding as recession concerns grow. In theory, a weaker economy reduces demand. Construction slows—copper is used in wiring and plumbing—as do sales of anything electrical. Experts differ on what this means. “Fears of a global recession …

Prices of Oil, Wheat, and Copper are Falling. What It Means. Read More »

NIO, XPeng and Li Auto Deliveries Set a Record. That Can Help Tesla Stock, Too.

Text size Production and demand for electric vehicles in China rebounded in June. Qilai Shen/Bloomberg Investors in electric-vehicle stocks should breathe a sigh of relief on Friday. Production and demand for electric vehicles in China rebounded in June after a Covid-19-induced lull. Deliveries in June at NIO (ticker: NIO ), Li Auto (LI), and XPeng …

NIO, XPeng and Li Auto Deliveries Set a Record. That Can Help Tesla Stock, Too. Read More »

Crypto Regulation in Europe Has Rules for Stablecoins and More. What to know.

Text size The EU is at the forefront of regulating crypto. AFP via Getty Images New rules in the European Union require cryptocurrency businesses to operate with a license and mandate that stablecoin issuers hold reserves like those banks have, part of a landmark effort by the bloc to regulate a chaotic sector. Following almost …

Crypto Regulation in Europe Has Rules for Stablecoins and More. What to know. Read More »